5th Aug 2015 14:21
LONDON (Alliance News) - International Consolidated Airlines Group SA said Thursday that its group traffic, measured in revenue passenger kilometres, rose 9.4% in July compared to the previous year.
The owner of British Airways and Spanish airlines Iberia and Vueling said group capacity measured in available seat kilometres rose by 5.5% compared to the previous year, and premium traffic rose 8.7%. Passenger load factor rose to 85.7% in July from 82.6% a year before.
The company's deal to acquire Aer Lingus Group PLC was cleared by the European Commission in July, although it was forced to extend the deadline for shareholders to accept its bid for Aer Lingus due to a delay caused by major Aer Lingus shareholder Ryanair Holdings PLC, which missed the deadline to accept the bid. The deadline has been extended to August 18.
Earlier Wednesday, Ryanair and fellow low-cost airline Wizz Air Holdings PLC also said they grew both passenger numbers and load factor in July on the same month the year before.
Shares in International Consolidated Airlines were up 1.1% at 551.50 pence Wednesday adternoon.
By Hana Stewart-Smith; [email protected]; @HanaSSAllNews
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